Securities Institute looks to form industry alliances
The newchief executive of the Securities Institute, Brian Salter, will look to create alliances with other industry associations in an attempt to position the institute as the pre-eminent provider of education services in the financial services sector.
Salter, who will start in his new role this week, says he will look to create education alliances with the Financial Planning Association (FPA) and the peak body for accountants, CPA Australia.
Salter says the Securities Institute’s future lies in establishing alliances with other educators, allowing their members to access the institute’s core education units.
However, he sys the institute would not be interested in representing the members of other associations.
“We could create alliances and collaborate with other educators to provide the [education] facilities, without trying to represent their membership,” Salter says.
He says through these alliances, the institute could provide the education services and leave its alliance partners to representing their members.
Salter says the institute needs to reflect the consolidation that is occurring in the financial sector, and to do this, it needs to broaden its education curriculum even further.
Salter was previously the chief manager of banking services at the Commonwealth Bank.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
